, Powell continued to attribute most of the recent jump in inflation to factors closely tied to the economic reopening.Bob Parker, investment committee member at Quilvest Wealth Management, told CNBC's "Squawk Box Europe" on Wednesday that he believed "we are going to get a period of significantly higher inflation.
However, Parker added that "we could end up with a period of core inflation closer to 3% rather than the 2% that the Federal Reserve and Jay Powell are forecasting."
Eventually it will go ballistic.
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